"I think indications are the 60 tonne plant will end up mainly as Titanium metal rather than in the TiO2 pigment industry so the oligopoly in that area mightn't be a problem. I don't know much about the Ti metal game so can't comment there."
If this proves to be the case then the banks will be "allowed" to provide finance as against reluctantly agreeing to provide finance after a bankable feasibility study.
It will be however BHP/B wants to shape its balance sheet.
APG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
